$20 Bonus + 25% OFF
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
Add File

Error goes here

BAO3309 Advanced Financial Accounting

tag 0 Download14 Pages / 3,365 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Questions:

1.Explain, with reference to the research literature, how accounting policy choices can affect financial results?
2.Why did ASIC choose to focus its investigation on material disclosures of decision useful information such as assumptions supporting accounting estimates, significant accounting policy choices? Explain your answer with reference to the research literature. 
3.Explain, with reference to the research literature, why CPA Australia, with reference to ASIC, believes that ‘a suitable revenue recognition policy’ requires the ‘appropriate application’ of ‘the timing of recognition’ therefore ‘reflecting the substance of underlying transactions’?
4.Explain and analyze the extent to which the revenue recognition criteria in AASB 118 / IAS 18 Revenue and AASB 15 / IFRS 15 Revenue from Contracts with Customers meets the ASIC and CPA requirements of an ‘appropriate application’ of ‘the timing of recognition ‘of revenue and therefore represents the substance of underlying transaction.
5.Review the annual financial reports of a company of your choice for the reporting years 2014, 2015 and 2016. Analyze how revenue was recognized in each of the reporting years, and explain any variations in the firm’s reported revenueover this period by examining the accounting policies section in the notes to the accounts with regards to AASB 118 / IAS 18 Revenueand AASB 15 / IFRS 15 Revenue from Contracts with Customers.
6.Explain the choices of accounting policies with regards toAASB 118 / IAS 18 RevenueandAASB 15 / IFRS 15 Revenue from Contracts with Customers by reference to the relevant accounting research literature on factors influencing firms’ accounting policy choice (e.g. Positive Accounting Theory). 
Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

Upload
Unique Document

Document
Under Evaluation

Get Money
into Your Wallet

Total 14 pages, 1 USD Per Page

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2021). Advanced Financial Accounting. Retrieved from https://myassignmenthelp.com/free-samples/bao3309-advanced-financial-accounting/contemporary-accounting-research.html.

My Assignment Help (2021) Advanced Financial Accounting [Online]. Available from: https://myassignmenthelp.com/free-samples/bao3309-advanced-financial-accounting/contemporary-accounting-research.html
[Accessed 24 September 2021].

My Assignment Help. 'Advanced Financial Accounting' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/bao3309-advanced-financial-accounting/contemporary-accounting-research.html> accessed 24 September 2021.

My Assignment Help. Advanced Financial Accounting [Internet]. My Assignment Help. 2021 [cited 24 September 2021]. Available from: https://myassignmenthelp.com/free-samples/bao3309-advanced-financial-accounting/contemporary-accounting-research.html.


Myassignmenthelp.com helps in writing all types of discussions for any essay topics and any subjects. With a group of over 4000+ PhD experts we have most insightful resource for writing any discussion. So the next time you are wondering how to write a discussion essay, get essay help from us. We segregate the topics of discussions into general and specific, link explanation, description, theory and findings to literature in the best possible way, using the best possible narration. Over periods of time our team has mastered the art of writing great essay. So our work gets accolades from teachers and secures grades. Connect with us today if you have any discussion writing woes.

Latest Accounting Samples

MA601 Theory And Current Issues In Accounting

Download : 0 | Pages : 11

Answer: Introduction Globalization of business operations requires universal accounting standard that will streamline financial reporting systems. This effort has seen the International Accounting Standard Board (IASB) develop a set of international accounting standards called the International Financial Reporting Standard (IFRS). The body gave guidelines of reporting particular transactions in the financial statements.  Currently, over ...

Read More arrow Tags: Australia Melbourne Management University of Melbourne 

ACFI3009 Contemporary Accounting Issues

Download : 0 | Pages : 11

Question: Part 1 Introduction: Mark-to-market accounting refers to the process of determining the fair value of the company’s assets and liabilities based on the market price of those similar assets and liabilities. On a more specific note, mark-to-market is the reasonable value of an asset or liability that varies over the period depends on the market value of that assets and liability (Ball, Jayaraman and Shivakumar 2012). Most of the...

Read More arrow Tags: Australia Campsie Management Hygiene and Toxicity University of New South Wales Humanities 

ACCT20074 Contemporary Accounting Theory

Download : 0 | Pages : 19

Answer Introduction The second topic that is discussed in the current study indicates towards implementation as well as relevance of social contract with regard to the Legitimacy Theory in the area of accounting. It can be hereby witnessed that legitimacy theory in the area of accounting is important in augmenting the financial framework of a corporation and thus, involving and executing social contract along with the theory of legitimacy can b...

Read More arrow Tags: Australia Strathfield Management object modelling University of New South Wales Masters in Business Administration 

MGB305 Accounting And Finance

Download : 0 | Pages : 5

Answer: Introduction: The report directly indicates that relevant financial condition of APN Outdoor Group by evaluating the financial ratios and WACC of the organisation. Furthermore, the report aims in providing in-depth financial condition of the organisation and its overall capital structure. Depicting the APN’s capital structure: The evaluation of the overall financial report of APN mainly indicates that the company is more focus...

Read More arrow

ACC701 Financial Accounting

Download : 0 | Pages : 10

Answer Introduction In the past few years, a number of Australian firms have been liquidated as a result of their failure to settle their liabilities once they turn due. Some of these firms include the ABC Learning, One-Tel as well as HIH Insurance. As a result, this study aims to present analysis of the major events which led to these firms being liquidated. It will start with background information about the three firms followed by ana...

Read More arrow Tags: Australia Auburn Humanities Web Technologies University of New South Wales Management 
Next

5% Cashback

On APP - grab it while it lasts!

Download app now

*Offer eligible for first 3 orders ordered through app!

ribbon
callback request mobile
Have any Query?